H.B. PANELCRAFT LIMITED
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Cash
£13m
+15.7% vs 2024
Net assets
£14m
+11.3% vs 2024
Employees
85
0% vs 2024
Profit before tax
£2.2m
-20.7% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £12,375,888 | £10,517,832 | -15% | |
| Operating profit | £2,414,042 | £1,848,388 | -23.4% | |
| Profit before tax | £2,801,612 | £2,220,814 | -20.7% | |
| Net profit | £2,091,228 | £1,630,539 | -22% | |
| Cash | £11,270,982 | £13,045,347 | +15.7% | |
| Total assets less current liabilities | £13,055,647 | £14,512,887 | +11.2% | |
| Net assets | £13,005,800 | £14,476,339 | +11.3% | |
| Equity | £13,005,800 | £14,476,339 | +11.3% | |
| Average employees | 85 | 85 | 0% | |
| Wages | £2,924,782 | £2,811,502 | -3.9% | |
| Directors' remuneration | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 19.5% | 17.6% | |
| Net margin | 16.9% | 15.5% | |
| Return on capital employed | 18.5% | 12.7% | |
| Gearing (liabilities / total assets) | 11.2% | — | |
| Current ratio | 8.34x | 10.22x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Mayes Business Partnership Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- H.B. PANELCRAFT LIMITED · parent
- Fosters Commercials Limited 75%
- Wellfield Business Park Limited 100%
Significant events
- “After the year end a restructure was implemented, as a result of which the two subsidiary companies, Fosters Commercials Limited and Wellfield Business Park Limited, were demerged outside of the H.B. Panelcraft Limited Group. Also as part of the restructure, the land and buildings of H.B. Panelcraft Limited were transferred to a newly formed group company for £2,000,000. This group company was subsequently also demerged.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARWOOD, Gary Martin | Director | 2004-04-06 | Jan 1971 | British |
| HARWOOD, Paul Andrew, M | Director | 2004-04-06 | Jul 1965 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HARWOOD, Freda Dorothy | Secretary | — | 2012-09-24 |
| HARWOOD, David John | Director | 2004-04-06 | 2020-03-10 |
| HARWOOD, James Adam | Director | — | 2012-09-24 |
| HARWOOD, Neil Andrew | Director | 2004-04-06 | 2020-03-10 |
| HARWOOD, Peter Thomas | Director | — | 2012-09-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hbp (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-03-06 | Active |
| Athol Street Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-01-12 | Ceased 2026-03-06 |
| Mr Paul Andrew Harwood | Individual | Shares 25–50%, Voting 25–50% | 2020-03-10 | Ceased 2026-01-12 |
| Mr Gary Martin Harwood | Individual | Shares 25–50%, Voting 25–50% | 2020-03-10 | Ceased 2026-01-12 |
Filing timeline
Last 20 of 146 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-01-09 MA Memorandum articles
- 2026-01-09 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-15 | AA | accounts | Accounts with accounts type group | |
| 2026-05-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-10 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-03-10 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-01-14 | SH02 | capital | Capital alter shares subdivision | |
| 2026-01-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-01-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-01-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-01-09 | SH10 | capital | Capital variation of rights attached to shares | |
| 2026-01-09 | MA | incorporation | Memorandum articles | |
| 2026-01-09 | RESOLUTIONS | resolution | Resolution | |
| 2025-08-26 | AA | accounts | Accounts with accounts type group | |
| 2025-07-11 | CH01 | officers | Change person director company with change date | |
| 2025-07-10 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-07-10 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-06-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-04 | AA | accounts | Accounts with accounts type group | |
| 2024-05-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-13 | AA | accounts | Accounts with accounts type group | |
| 2023-05-02 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.